Get the complete project »
- The Complete Research Material is averagely 55 pages long and it is in Ms Word Format, it has 1-5 Chapters.
- Major Attributes are Abstract, All Chapters, Figures, Appendix, References.
- Study Level: BTech, BSc, BEng, BA, HND, ND or NCE.
- Full Access Fee: ₦4,000
This study uses the framework of the agency theory to systematically investigate the relationship between corporate governance mechanisms; board of directors’ characteristics (board size, board independence, duality, board meetings, and director’s ownership) and audit committee size with the level of information asymmetry in UAE. The multiple regression analysis provides evidence that board size is significantly positive related to information asymmetry. While board independence, board meetings, directors’ ownership and audit committee size have a significantly negative association related to information asymmetry. The findings show that the information asymmetry among the United Arab Emirates (UAE) companies is high and the implementation of the Code of Corporate Governance more likely to be underdevelopment.
Keywords: corporate governance, information asymmetry, shareholders, United Arab
1.1 Background of the Study
The asymmetry lies in the difference between what the most informed stakeholders know but the uninformed stakeholders are not informed about certain information. This link impacts growth options, risk, managerial incentives and other factors which mean that the relation does not stem out from an intrinsic doubt regarding the firm performance (Hilary, 2006). Information asymmetry also means when one or more investors are privy to the firm’s value while the rest can only access public information (Brown & Hillegeist, 2007). Relationships between companies and upstream suppliers have always been characterized by information asymmetries in a way that one member of the party to the transaction has more information compared to the other (Martin & Johnson, 2010). For instance, information asymmetries stem from hidden actions, meaning to say that the firm has no idea how the upstream supplier will react when he is acting in an unethical way.
The actual elimination of information asymmetry’s negative impact can be carried out through maximizing the access to information regarding the company that is nonstandard and through the increase of the information visibility of what the company offers the stakeholders. The risk lies in the varying interpretation of the information that the company provides which may lead to different stakeholder behavior (Jasso, 2009). According to Mercer (2004), information precision is an attribute of information that underlies disclosure credibility. It is evident that asymmetric information is related with information disclosure. In other words, the less the information is transparent, the lower the information disclosure will be (Kong, Xiao & 2 Liu 2011).
Corporate governance is a set of tools or procedures that monitors and controls the organization in its quest to achieve goals and maximize long-term shareholders’ benefits. Therefore, effective corporate governance is importance to protect the interests of shareholders, customers, suppliers, employees and government by guaranteeing that firms are made accountable for their actions (Vinten, 1998). In 2004, the OECD underlines that corporations need to be run, primordial, in the interest of shareholders (OECD 2004). But in corporate governance systems, the company is viewed by the stakeholder as a set of expectations akin to a polycentric vision of the corporate governance systems which has the company in its center with the stakeholders attempting to govern surrounding it (Marcel, Or
You either get what you want or your money back. T&C Apply
You can find more project topics easily, just search
SIMILAR BUSINESS ADMINISTRATION FINAL YEAR PROJECT RESEARCH TOPICS
1. THE IMPACT OF PRODUCTION PLANNING AND CONTROL ON OPERATIONAL COST OF MANUFACTURING INDUSTRIES; A CASE STUDY OF NIGERIA BOTTLING COMPANY PLC KADUNA» CHAPTER ONE INTRODUTION Production is the central point of any manufacturing concern basically, it is the stage where real action takes place either t...Continue Reading »
» CHAPTER ONE INTRODUCTION 1.0 BACKGROUND OF THE STUDY Advertising is one of major ways in which sellers use in order to stimulate demand for goods and ...Continue Reading »
» CHAPTER ONE1.1 BACKGROUND OF THE STUDYThe growing need to maintain a competitive edge and customer loyalty in the industry segment predetermine the si...Continue Reading »
» CHAPTER ONE INTRODUCTION BACKGROUND OF THE STUDY The role of agricultural sector in an economy cannot be overemphasized. The forward and backward link...Continue Reading »
5. THE IMPACT OF TRAINING AND DEVELOPMENT ON ORGANISATIONAL PERFORMANCE: A STUDY OF SOME SELECTED ORGANISATIONS IN THE SERVICE INDUSTRY:» ABSTRACT This research investigated the impact of training and development on organizational performance mainly in the service industry. The investiga...Continue Reading »
» CHAPTER ONE INTRODUCTION 1.1 Background of the study All organizations are concerned with what should be done to achieve high level of productivity th...Continue Reading »
7. MICROFINANCE AND SOCIO-ECONOMIC EMPOWERMENT OF WOMEN A CASE OF OPPORTUNITY INTERNATIONAL SAVINGS AND LOANS CLIENTS» INTRODUCTION 1.0 Background to the study Microfinance is the provision of a broad range of financial services to poor low income households and micro ...Continue Reading »
8. THE MANAGEMENT PROBLEMS OF GOVERNMENT PARASTATALS IN NIGERIA (A CASE STUDY OF HOTEL PRESIDENTIAL ENUGU)» CHAPTER ONE 1.0 INTRODUCTION The aim of writing this chapter introduces the research work and state the chapter with the following headings. 1.1 BACKG...Continue Reading »
9. AN ASSESSMENT OF THE IMPACT OF CONFLICT AND CONFLICT MANAGEMENT IN AN INSTITUTION (A CASE STUDY OF UNIVERSITY OF UYO, AKWA IBOM STATE)» ABSTRACT The main focus of this study was to examine the Assessment of the Impact of Conflict and Conflict management in an Institution, A case study ...Continue Reading »
» CHAPTER ONE 1.0 INTRODUCTION 1.1 BACKGROUND OF STUDY The issue of fair valuation of residential real estate properties has been a major challenge in N...Continue Reading »